Market Value is defined as the estimated amount at which a property might be expected to exchange between a willing buyer and a willing seller, neither being under compulsion, each having reasonable knowledge of all relevant facts.
Implicit in the basic definition of market value is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby :
Buyer and seller are typically motivated ;
Both parties are well informed or well advised, and each is acting in what he considers his own best interests ;
A reasonable time is allowed for exposure in the open market ;
Payment is made in cash or its equivalent ;
Financing, if any, is on terms generally available in the relevant marketplace at the specified date and is typical for the type of property in its market ;
The price represents a normal consideration for the property sold, unaffected by special financing amounts or terms, services, fees, costs, or credits incurred in the transaction.
Market Value is defined as the estimated amount at which a property might be expected to exchange between a willing buyer and a willing seller, neither being under compulsion, each having reasonable knowledge of all relevant facts.Implicit in the basic definition of market value is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby :Buyer and seller are typically motivated ;Both parties are well informed or well advised, and each is acting in what he considers his own best interests ;A reasonable time is allowed for exposure in the open market ;Payment is made in cash or its equivalent ;Financing, if any, is on terms generally available in the relevant marketplace at the specified date and is typical for the type of property in its market ;The price represents a normal consideration for the property sold, unaffected by special financing amounts or terms, services, fees, costs, or credits incurred in the transaction.
การแปล กรุณารอสักครู่..
